Selection of condos available for sale in Downtown San Diego will continue to be tight. As of early 2018 less than 3% of the total condo market is up for sale (roughly 280 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in 2019. The next new condo building will be completed some time after 2020, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
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Great East village modern condo.Come home to one of the hippest places at Element! Ceiling to floor windows w/bay & city views.Walking distance to the local grocery store...
No expense spared! Professionally updated contemporary style home highlighted by amazing bay, city, Coronado bridge and beyond views! You will be amazed by designer fe...
Feel the downtown excitement in this rarely available 855sf large 1 bedroom with views into Petco Park and steps from restaurants, coffee shops and gym. Recent new floori...
CITYFRONT TERRACE, Residence 1217 ~ spectacular views from the penultimate floor in this coveted Downtown community, ideally situated in the fashionable Marina District a...
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